Optional Pension definition

Optional Pension means a form of pension selected by the Participant under 4.7 in lieu of a Retirement Pension and all Survivor Pensions and other Survivor benefits.3
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Optional Pension means a form of pension selected by the Participant under 4.5 in lieu of a Retirement Pension and Permanent Survivor Pension.
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Optional Pension means a form of pension selected by the
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Examples of Optional Pension in a sentence

  • Effective June 1, 1997 Eligibility: The Optional Pension Plan (OPP) and Employee Savings Plan (ESP) are part of the Savings Program.

  • To be eligible for the Optional Pension Plan, you must be a participant of the Retirement Plan.

  • Optional Pension Forms Subject to the Mandatory Pension Form described above, you may elect a Life annuity with 120 payments guaranteed or, if you have a spouse, elect a form of pension which provides a survivor benefit of either 50% or 100% of the amount you were receiving immediately prior to your death.

  • Such plan will provide the following benefits: Life Insurance Accident Insurance Disability Insurance (Long Term) Disability Insurance (Short Term)(Optional) Supplementary/Extended Health Care Insurance (Optional) Dental Care Insurance (Optional) Pension Plan The Employer shall make such deductions pursuant to Clause 13.06.

  • Optional Pension Plan (OPP) and Employee Savings Plan (ESP) are part of the Savings Program.

  • The department through the Town shall provide to all members covered by this agreement a retirement benefit pursuant to the State Optional Pension Plan for Policemen and Firemen (General Law 45-21.2-1 et seq.).